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Highlights

  • Ramsay Health Care's revenue grew by 9.4% YoY to AUD 16.77 billion in FY24, driven by increased hospital admissions and improved patient metrics at Elysium.
  • Net profit after tax rose sharply by 198.1% to AUD 888.7 million in FY24.
  • A dividend of AUD 3.316 has been declared, with the record date set for 1 April 2025 and payment date on 22 April 2025.

Ramsay Health Care Limited (ASX:RHC) operates a network of hospitals, clinics, imaging centres, day care surgery facilities and pharmacies across Australia, the UK and multiple other countries. The healthcare services provider achieved a 9.4% YoY increase in segment revenue and other income in the financial year 2024 (FY24) at AUD 16,772.1 million. This growth was driven by a 7.3% rise in revenue from contracts with customers, supported by higher hospital admissions, improved average patient number at Elysium, growth in primary and allied health services in the Nordics and tariff indexation.

The period saw a 198.1% YoY increase in net profit after tax to AUD 888.7 million, bolstered by a gain of AUD 618.1 million from the sale of Ramsay Sime Darby.

Latest dividend announcement

Through an ASX update dated 21 October 2024, the company announced a dividend of AUD 3.316 under the security code of RHCPA. The record date is 1 April 2025, and the payment date is 22 April 2025.

Outlook for FY25

In FY25, RHC expects patient activity to increase along with a rise in net profit after tax from continuing operations, though margin recovery may be affected by investments in digital and data programs.

The company plans to expand its market share strategically in growing markets via the extension of health services beyond hospitals and brownfield expansion.

The focus will be on improving margins continuously through labour productivity gains, operational efficiencies and improvement in revenue captured.

Share performance of RHC

RHC shares closed 2.52% lower at AUD 38.28 apiece on 6 November 2024. In the past one year, RHC’s share price has dropped by 25.35%, while in the last three months, it has dropped by 12.48%.

52-week high of RHC is AUD 57.23, recorded on 8 March 2024 and 52-week low is AUD 38.165, recorded on 6 November 2024.

RHC Daily Technical Chart, Source: REFINITIV

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 06 November 2024. The reference data in this report has been partly sourced from REFINITIV.